KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 849,678 shares traded hands during trading, an increase of 194% from the average daily volume of 288,690 shares. The stock last traded at $29.3550 and had previously closed at $28.95.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 1.1%
The company has a market capitalization of $586.96 million, a price-to-earnings ratio of 9.85 and a beta of -0.34. The company’s 50 day simple moving average is $30.67 and its two-hundred day simple moving average is $28.84.
Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF
Several large investors have recently bought and sold shares of KMLM. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at about $52,000. Hidden Cove Wealth Management LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter valued at about $215,000. Kestra Advisory Services LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $228,000. NewEdge Advisors LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at $235,000. Finally, Compass Financial Management LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at $277,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Company Profile
The KFA Mount Lucas Index Strategy ETF (KMLM) is an exchange-traded fund that is based on the KFA MLM index. The fund aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility. KMLM was launched on Dec 2, 2020 and is managed by KraneShares.
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